G III APPAREL GROUP /DE/ (GIII) SEC Filings

G III Apparel Group Ltd (GIII) CEO Morris Goldfarb reported two bona fide gifts of 35,000 common shares each on October 20, 2026, to trusts established for a grandchild. The gifts total 70,000 shares. The footnotes state that Goldfarb has no pecuniary interest in shares held by the trust.

G III APPAREL GROUP LTD (GIII) director and CEO Morris Goldfarb purchased 40,000 shares of common stock on September 14, 2026 in an open market or private transaction at a weighted average price of $27.94 per share, based on trades between $27.77 and $28.12.

After this purchase, he directly holds 4,527,675 shares of common stock and also reports indirect ownership through several related entities and trusts, including the Arlene Goldfarb 2012 Delaware Trust, the Morris Goldfarb 2012 Delaware Trust, Goldfarb Family Partners, an interest held by his spouse, and a family foundation.

G-III Apparel Group (GIII) reported lower sales but sharply higher profitability for the three and six months ended July 31, 2026, while also closing a major strategic deal. Net sales fell to $554.1 million from $613.3 million for the quarter and to $1.09 billion from $1.20 billion year-to-date, largely from planned reductions in Calvin Klein and Tommy Hilfiger licensed business.

Despite this, quarterly net income nearly doubled to $20.2 million and year-to-date net income rose to $86.7 million, helped by a large refund of tariffs previously expensed under IEEPA that reduced cost of goods sold by $126.4 million and boosted gross margin. The company received $129.7 million of tariff refunds plus $4.2 million of interest, ended the quarter with $529.2 million in cash and modest debt, and paid a quarterly dividend of $0.10 per share. After quarter-end, G-III completed a roughly $500 million investment to acquire and license the Marc Jacobs business, funded with cash and its revolving credit facility, adding another significant owned platform alongside DKNY, Donna Karan and Karl Lagerfeld as Calvin Klein and Tommy Hilfiger licenses roll off.

G-III Apparel Group, Ltd. (GIII) completed the previously announced acquisition of the Marc Jacobs business from LVMH on September 1, 2026, investing approximately $500 million funded with cash on hand and its revolving credit facility. A 50/50 joint venture with WHP Global now owns the Marc Jacobs intellectual property, and G-III operates the business under a long-term license initially running through December 2041 with multiple automatic 5‑year renewals.

For the second quarter of fiscal 2027, net sales fell about 10% to $554.1 million, but gross margin expanded to 45.2% from 40.8%, and GAAP net income rose to $20.2 million (diluted EPS $0.46) from $10.9 million ($0.25). Cash was $529.2 million with total debt of only $7.8 million.

For fiscal 2027, G-III forecasts net sales of about $2.71 billion versus $2.96 billion in 2026, but GAAP net income of $181–185 million (EPS $4.10–$4.20) versus $67.4 million ($1.51). Non-GAAP EPS is guided to $2.20–$2.30, below $2.61 in 2026, and adjusted EBITDA to $174–178 million versus $192.4 million. The Marc Jacobs deal is expected to be slightly dilutive in fiscal 2027 and during the first 12 months after closing.

G III APPAREL GROUP LTD (GIII) reported that CEO and director Morris Goldfarb had 840,000 shares of common stock delivered on August 18, 2026 upon vesting of previously granted Performance Stock Units after a stock price condition was achieved and a 20% TSR-based upward adjustment was applied. In connection with this vesting, 464,520 shares were withheld at $33.72 per share to satisfy his tax obligation. Separate entries show indirect holdings of common stock through various family trusts, a family partnership, a spouse, and a family foundation.

G-III Apparel Group, Ltd. (GIII) announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share on its common stock. The dividend will be paid on September 29, 2026 to stockholders of record as of September 15, 2026.

The company describes itself as a global fashion leader, owning ten major brands such as DKNY and Donna Karan and licensing more than 20 additional brands, including Calvin Klein, Tommy Hilfiger and Levi’s, as well as licenses with major U.S. sports leagues.

G-III Apparel Group Chief Financial Officer Neal Nackman reported routine equity compensation activity tied to prior performance awards. On June 15, 2026, 21,704 Performance Stock Units vested after the company achieved 150% of both its three-year cumulative earnings before interest and taxes and three-year average return on invested capital goals for the fiscal 2024–2026 performance period.

In connection with this vesting and a prior grant of 14,469 restricted stock units, 18,251 shares were withheld to cover tax obligations, which is recorded as a disposition but not an open-market sale. Following these transactions, Nackman directly holds 49,525 shares of G-III common stock.

G-III Apparel Group executive Jeffrey David Goldfarb reported equity compensation changes involving company common stock. He received 65,112 shares through the vesting of Performance Stock Units, reflecting achievement of 150% of both earnings before interest and taxes and average return on invested capital targets over the fiscal 2024–2026 performance period.

To cover tax obligations tied to the vesting of these 65,112 PSUs and 43,408 previously granted restricted stock units, 55,400 shares were withheld at a price of $34.63 per share. Following these transactions, Goldfarb directly holds 778,471 shares, with additional indirect holdings through family trusts and an LLC.

G-III Apparel Group director and executive Sammy Aaron reported equity compensation activity rather than open-market trading. On vesting of 130,224 performance stock units tied to three-year earnings and return-on-capital goals, the company withheld 120,024 shares at $34.63 per share to cover taxes. After these tax-withholding dispositions and the stock award, Aaron directly holds 335,471 common shares.